Financials Remitly Global, Inc.

Equities

RELY

US75960P1049

Business Support Services

Market Closed - Nasdaq 04:00:00 2024-04-26 pm EDT 5-day change 1st Jan Change
18.06 USD +1.63% Intraday chart for Remitly Global, Inc. -2.43% -7.00%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Capitalization 1 3,384 1,954 3,596 3,475 - -
Enterprise Value (EV) 1 2,981 1,663 3,596 3,226 3,074 2,848
P/E ratio -87.4 x -16.8 x -29.9 x -42.1 x -137 x 58.7 x
Yield - - - - - -
Capitalization / Revenue 7.38 x 2.99 x 3.81 x 2.8 x 2.25 x 1.89 x
EV / Revenue 6.5 x 2.54 x 3.81 x 2.59 x 1.99 x 1.55 x
EV / EBITDA -283 x -122 x 80.9 x 36.1 x 18.9 x 11.3 x
EV / FCF -146 x -14.8 x -63.7 x 10.2 x 21.1 x 15.3 x
FCF Yield -0.68% -6.76% -1.57% 9.8% 4.75% 6.53%
Price to Book 7.05 x 4 x - 7.26 x 5.63 x 4.42 x
Nbr of stocks (in thousands) 164,106 170,664 185,158 192,438 - -
Reference price 2 20.62 11.45 19.42 18.06 18.06 18.06
Announcement Date 3/2/22 2/22/23 2/21/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - 458.6 653.6 944.3 1,243 1,546 1,842
EBITDA 1 - -10.52 -13.63 44.45 89.27 162.9 252.3
EBIT 1 - -39.72 -121 -114.2 -80.98 -8.948 109.3
Operating Margin - -8.66% -18.52% -12.09% -6.51% -0.58% 5.93%
Earnings before Tax (EBT) 1 - -37.71 -113 -111.9 -71.32 -9.492 140.4
Net income 1 -32.56 -38.76 -114 -117.8 -80.62 -24.63 66.99
Net margin - -8.45% -17.45% -12.48% -6.48% -1.59% 3.64%
EPS 2 -1.520 -0.2360 -0.6800 -0.6500 -0.4289 -0.1316 0.3077
Free Cash Flow 1 - -20.35 -112.4 -56.45 316 146 186
FCF margin - -4.44% -17.21% -5.98% 25.42% 9.44% 10.1%
FCF Conversion (EBITDA) - - - - 353.99% 89.61% 73.71%
FCF Conversion (Net income) - - - - - - 277.66%
Dividend per Share 2 - - - - - - -
Announcement Date 8/30/21 3/2/22 2/22/23 2/21/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 121.2 135.3 136 157.3 169.3 191 203.9 234 241.6 264.8 274.1 304.6 318.9 345.8 354.8
EBITDA 1 0.325 -7.122 -12.06 -5.326 -3.722 7.478 5.362 20.42 10.5 8.178 13.19 21.78 24.18 27.99 32.03
EBIT 1 -12.67 -16.54 -23.17 -39.38 -35.62 -22.87 -28.07 -18.22 -36.9 -31 -26.33 -19.82 -18.91 -15.9 -17.33
Operating Margin -10.45% -12.23% -17.04% -25.04% -21.04% -11.97% -13.77% -7.79% -15.27% -11.71% -9.6% -6.51% -5.93% -4.6% -4.89%
Earnings before Tax (EBT) 1 -12.7 -16.62 -22.78 -37.58 -32.78 -19.83 -27.94 -18.99 -35.4 -29.6 -22.85 -19.68 -18.26 -17.04 -10.17
Net income 1 -12.96 -16.58 -23.31 -38.24 -33.07 -19.4 -28.31 -18.85 -35.66 -35.02 -24.46 -19.91 -19.24 -17.33 -12.62
Net margin -10.69% -12.26% -17.14% -24.32% -19.54% -10.15% -13.89% -8.05% -14.76% -13.23% -8.92% -6.54% -6.03% -5.01% -3.56%
EPS 2 -0.4100 -0.1000 -0.1400 -0.2300 -0.2000 -0.1100 -0.1600 -0.1100 -0.2000 -0.1900 -0.1471 -0.1042 -0.0984 -0.0862 -0.0675
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 11/10/21 3/2/22 5/5/22 8/3/22 11/2/22 2/22/23 5/3/23 8/2/23 11/1/23 2/21/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - -
Net Cash position 1 - 403 291 - 250 402 628
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - -20.3 -112 -56.4 316 146 186
ROE (net income / shareholders' equity) - -28.8% -4.58% 5.22% 12.3% 20.9% 20.9%
ROA (Net income/ Total Assets) - -7.84% -3.33% 3.04% 6.76% 13% 12.9%
Assets 1 - 494.3 3,422 -3,876 -1,192 -189.1 518.7
Book Value Per Share 2 - 2.920 2.860 - 2.490 3.210 4.090
Cash Flow per Share - - - - - - -
Capex 1 - 1.96 3.68 2.86 13 16 21
Capex / Sales - 0.43% 0.56% 0.3% 1.05% 1.03% 1.14%
Announcement Date 8/30/21 3/2/22 2/22/23 2/21/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
18.06 USD
Average target price
28.11 USD
Spread / Average Target
+55.65%
Consensus
1st Jan change Capi.
-7.00% 3.4B
+17.35% 91.21B
+7.41% 69.43B
-3.71% 46.28B
-1.91% 31.78B
+7.50% 21.83B
-16.97% 11.95B
-9.73% 10.07B
+11.32% 9.07B
-25.92% 7.68B
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